At McElroy & Associates, We Understand That Bad Things Can Happen To Good People
Get A Fresh Start Through Bankruptcy
Medical debt is a source of financial hardship for many Tennessee residents. When medical expenses become difficult to repay, bankruptcy may be one option to consider. Understanding how Chapter 7 and 13 works can help you determine whether bankruptcy may be...
Recent reports show that credit card debt in the United States has reached $1.26 trillion. In the second quarter of 2026, this means that overall credit card debt went up by a stunning $21 billion. The highest credit card debt has ever been is $1.28 trillion. That...
Living with overwhelming debt can make it difficult to cover even basic needs. Contrary to what some people believe, serious debt is not always the result of overspending. Medical bills, job loss, divorce and other unexpected hardships can leave someone unable to keep...
No, spousal support, or alimony, typically cannot be changed with a bankruptcy filing. If a person has been ordered to pay spousal support, they do still have to follow that court order. Even if their bankruptcy case is successful, they cannot eliminate alimony any...
Dealing with unpaid bills is stressful enough without your phone ringing every hour. If you're behind on payments, you may already know what creditor harassment feels like: constant calls, threatening letters, and collectors who won't take no for an answer. The good...
Facing foreclosure can put the future in uncertain terms. It can be very stressful to find out that you are going to lose your home, and you may be interested in what options you have to stop the foreclosure case. One option that people often consider is filing for...
Filing for bankruptcy requires complete and accurate financial disclosure. You must provide information about your income, property, debts, accounts and recent transactions so the court and trustee can properly evaluate your case. Not every filing mistake amounts to...
Filing for bankruptcy often feels like a permanent financial setback, yet the legal process actually establishes a structural foundation for long-term recovery. Many individuals worry that seeking court protection under Chapter 7 or Chapter 13 permanently destroys...
Bankruptcy may feel like a process built around loss, but Tennessee law often allows residents who file for protection to keep more property than they expect, up to a specific limit set by state law. State exemption laws preserve certain assets, shielding filers from...
People sometimes refer to Chapter 13 bankruptcy as a wage earner’s plan. That nickname comes from the mandatory repayment plan. A filer must meet with the court-appointed bankruptcy trustee and representatives from their creditors to work out an arrangement for paying...